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Acquiring PG Bank increases HDBank's expected profit up to over $200 million

Instead of VietinBank, HDBank is taking requisite steps to acquire PG Bank and the strategic deal is expected to finalize in this September after a merger request to be submitted to the State Bank in this month.

VAMC to auction half-completed tower for at least $268 million

Saigon One Tower project which has been suspended for six years in Ho Chi Minh City now has the chance to be revived by the new investors through a public auction which is scheduled to be held in early April.

VAMC assigned to deal with US$6.1-billion bad debts in 2018

The amount of bad debt that the Vietnam Asset Management Company (VAMC) has to deal with this year accounts for nearly half of the total bad debts VAMC has bought from banks.

Sacombank offers million-dollar real estate assets for sale in HCMC and Binh Duong province

Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.

Nam A Bank to seize the collateral of villa on Tuan Chau island

The mortgage is collected as the borrower, VICCOM Joint Stock Company, holds an overdue debt in the Nam A Commercial Joint Stock Bank (Nam A Bank).

Sacombank sold US$125.3 million of bad debts to VAMC

These debts have collateral such as real estate, value machines and equipments in Da Nang and Ho Chi Minh City.

VAMC bought US$105.8 million of bad debts from Hoan Cau group of Sacombank

The debt is secured with 50,000 square metres of land plots in District 7, Ho Chi Minh City.

VAMC thirsts for US$88.1 million for purchase and settlement of non-performing loans

An increase from VND500 billion to 2,000 billion (equivalent to US$22 to 88.1 million) has been approved; however, this amount has not been provided to Vietnam Asset Management Company (VAMC) until now.

Vietnam resolution law not a quick fix for non-performing loan ratio problems

Efforts by the Vietnamese authorities to speed up resolution of legacy problem loans could help to address the asset-quality issues that weigh heavily on banks' viability ratings, but the resolution process is unlikely to improve significantly in the short term due to the considerable implementation challenges

Saigon One Tower with capital scale of US$220 million seized by VAMC to handle the debt

Saigon One Tower is a real estate project with the scale of VND5,000 billion (roughly US$220 million), but this project has been suspended since 2011 in Ho Chi Minh City.

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